The federal and provincial governments are providing financial support help businesses manage at this time. The AHLA encourages you to talk to your lender(s) about how COVID-19 is impacting your business, and keep them informed about your financial situation.
We will update this list as more information comes available. This information is intended for informational purposes only. Businesses should consult their accountant, financial advisor, or government authorities before applying or making decisions about how they should use this information.
David Lund, the Hotel Financial Coach, has some tips about how hotels can manage during a financial crisis.
Business Credit Availability Program (BCAP)
Provides more than $10 billion of additional support to businesses experiencing cash flow challenges through Export Development Canada (EDC) and the Business Development Bank of Canada (BDC).